News Blog

German inflation rises more than expected to 2.9% in December

German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said in the first reading since the country’s government was dissolved late last month.

Xpeng, Volkswagen to build ultra-fast charging network in China

China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.

MicroStrategy Targets $2 Billion Capital Raise. It’s All to Buy More Bitcoin.

MicroStrategy is targeting a capital raise of up to $2 billion to continue to strengthen its balance sheet and acquire more Bitcoin, the business software company announced.

Canada PM Trudeau is likely to announce resignation, source says

Canadian Prime Minister Justin Trudeau is increasingly likely to announce he intends to step down, though he has not made a final decision, a source familiar with Trudeau’s thinking said on Sunday.

U.S. Steel and Nippon File Lawsuits After Biden Blocks Merger

The lawsuits challenge President Joe Biden’s final significant act of his tenure, calling his decision to block the buyout of the American steel maker by Nippon Steel an “unlawful political influence.

US plans more sanctions on tankers carrying Russian oil, sources say

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge of the matter said.

Tesla’s China sales hit record high in 2024, bucking global decline

 U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

Euro falls to its lowest level in two years against the dollar

The euro declined 0.9% against the US dollar, reaching mid-1.02, its lowest level since 21 November 2022 on Thursday.

US 30-year fixed-rate mortgage flirts with 7%

U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary.

U.S. Crude Oil Stockpiles Fall Less Than Expected

U.S. oil inventories fell by 1.2 million barrels last week; Analysts had predicted crude stockpiles would fall by 2.4 million barrels

Skydance, Paramount dismiss objections to planned $8.4 billion merger

Skydance Media and Paramount Global on Thursday defended their planned $8.4 billion merger, urging the Federal Communications Commission to dismiss opposition from critics, calling them “unwarranted” and “meritless”.

Boeing Adds More Surprise Quality Checks in Its Factories

Boeing is conducting more surprise inspections at its factories as part of a broader plan to prevent manufacturing snafus like the one that led to a jet-panel blowout on an Alaska Air flight a year ago. 

Apple’s China troubles mount as foreign phone sales sink for 4th month

Shipments to China of foreign-branded smartphones, including Apple Inc’s iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday from a government-affiliated research firm, down for the fourth month.

Stellantis Italy output falls 37% in 2024, car production hits 68-year low

Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday.

US FAA will maintain enhanced oversight of Boeing after door panel incident

The Federal Aviation Administration’s tougher oversight of Boeing will continue indefinitely, the agency’s outgoing head said on Friday, nearly a year after a door panel missing four key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air.

Apple to pay $95 million to settle Siri privacy lawsuit

Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users’ privacy.

Biden to block U.S. Steel sale to Japanese buyer, source says

U.S. President Joe Biden is poised to officially block Nippon Steel’s proposed $14.9-billion purchase of U.S. Steel a person familiar with the matter said on Friday, dealing a probably fatal blow to the contentious merger plan.

“Πρεμιέρα” για τη νέα Briq μετά την συγχώνευση με την Intercontinental International

Νέα “σελίδα” γυρνά από την 2η Ιανουαρίου του 2025 η Briq Properties ΑΕΕΑΠ, καθώς θα ξεκινήσει η διαπραγμάτευση των νέων μετοχών της εταιρείας, μετά την ολοκλήρωση της συγχώνευσης με απορρόφηση της Intercontinental International ΑΕΕΑΠ.

Λευκός καπνός για τη συμμετοχή της Κύπρου στον Great Sea Interconnector

Στην συνάντηση που πραγματοποιήθηκε την προηγούμενη Παρασκευή 27/12, ανακτήθηκε το κλίμα εμπιστοσύνης και υπήρξε συναντίληψη για τα ζητήματα που έχουν προκύψει

Μπλε Κέδρος: Πώληση μετοχών από Παύλο και Μιχαήλ Ευμορφίδη

Χαμηλότερα του 5% το ποσοστό ιδίων μετοχών που διακρατεί η εταιρεία μετά τη διαγραφή 700.000 τίτλων. Πώς διαμορφώθηκαν τα ποσοστά των Παύλου και Μιχαήλ Ευμορφίδη μετά την πώληση μετοχών στην οποία προέβησαν.